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Oct 5, 2013
10/13
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so it seems like if we can get the federal government shutdown resolved, we could also raise the debt ceiling and do it all in one deal. so as a result of all of this, we think that the economy is going to be probably pretty weak through the end of 2013. we weren't expecting job growth to really pick up until early 2014 anyway. and so now it's likely that we could see weaker growth in the fourth quarter of '13 and then faster growth as everything bounces back in the first quarter of 2014. >>> engineers at the fukushima daiichi nuclear plant have resumed testing of filtration systems after operations were suspended for half a day. they say a glitch in the control system of a holding tank caused the decontamination system to automatically shut down. plant managers say an alarm went off on friday morning indicating something was wrong with the advanced liquid processing system. the engineers found the control system of the holding tank was sending out two contradictory signals about whether it could contain more water or not. the engineers plan to suspend operations for three days from s
so it seems like if we can get the federal government shutdown resolved, we could also raise the debt ceiling and do it all in one deal. so as a result of all of this, we think that the economy is going to be probably pretty weak through the end of 2013. we weren't expecting job growth to really pick up until early 2014 anyway. and so now it's likely that we could see weaker growth in the fourth quarter of '13 and then faster growth as everything bounces back in the first quarter of 2014....
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Oct 16, 2013
10/13
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fitch said the negotiations over raising the debt ceiling risk undermining investor confidence. they say the indecision is casting doubt on the dollar's role as the key global reserve currency. the analysts believe the debt ceiling will be raised soon, but they say political brinksmanship and reduced flexibility in financing could reduce the risk of default. two years ago standard & poor's became the first agency to lower the ratings. that shook up financial markets and caused share prices to fluctuate. >>> government officials in beijing are concerned about the fiscal stalemate in washington. china is the largest holder of u.s. debt. nhk's akihiro morita has more. >> reporter: a symposium on international finance took place last week in washington. participants focused on the u.s. fiscal situation as a threat to the global economy. the governor of china's central bank attended the symposium. he addressed jason farmer, the top economic adviser at the white house. >> the emerging market facing some difficulty. adding this budget and that limit uncertainty would be a hurdle for th
fitch said the negotiations over raising the debt ceiling risk undermining investor confidence. they say the indecision is casting doubt on the dollar's role as the key global reserve currency. the analysts believe the debt ceiling will be raised soon, but they say political brinksmanship and reduced flexibility in financing could reduce the risk of default. two years ago standard & poor's became the first agency to lower the ratings. that shook up financial markets and caused share prices...
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Oct 17, 2013
10/13
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many of them joined the democrats, voting to raise the debt ceiling. the government can now borrow additional funds for the next four months. that's a shorter period of time than president barack obama had hoped for. the lawmakers also approved a stopgap budget to end the partial shutdown of government services that began two weeks ago. the white house instructed federal employees to return to work on thursday. the bill calls for setting up a panel to discuss deficit reduction over the long term in response to republican demands that the deal only calls for slight revisions to obama's health care reforms. a number of republicans are opposed to the affordable care act. house speaker john boehner said his party fought the good fight, and he said the republicans will continue to work toward cuts in spending. senate majority leader harry reid said averting the crisis was historic. >> let's be honest. this was pain inflicted on our nation for no good reason and cannot make -- we cannot, cannot make the same mistake again. >> president obama signed the bill
many of them joined the democrats, voting to raise the debt ceiling. the government can now borrow additional funds for the next four months. that's a shorter period of time than president barack obama had hoped for. the lawmakers also approved a stopgap budget to end the partial shutdown of government services that began two weeks ago. the white house instructed federal employees to return to work on thursday. the bill calls for setting up a panel to discuss deficit reduction over the long...
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Oct 17, 2013
10/13
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the deal will allow the government's debt ceiling to be raised so that it can borrow additional funds until early february. >> in the end, political adversaries set aside their differenceness and disagreements to prevent the disaster. the deal includes discussions on the mid and long-term budget plans and spending cuts. republicans are demanding the cuts as a condition for reopening the government and lifting the debt limit. even after the bills are approved by both the senate and house, they will only provide the government with time-limited fiscal measures. they pushed to postpone president obama's health care reforms but the deal only calls for slight changes to obama care. democrats controlled the senate so they're expected to pass the bill in that chamber. the republicans control the house of representatives and representatives there need to athe deal. house speaker john boehner says house republicans will not block the plan. >>> south korea has denied reports it is adopting a u.s. missile defense system or buying american-made antiballistic missiles. the defense minister says th
the deal will allow the government's debt ceiling to be raised so that it can borrow additional funds until early february. >> in the end, political adversaries set aside their differenceness and disagreements to prevent the disaster. the deal includes discussions on the mid and long-term budget plans and spending cuts. republicans are demanding the cuts as a condition for reopening the government and lifting the debt limit. even after the bills are approved by both the senate and house,...
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Oct 31, 2013
10/13
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the debt ceiling. lawmakers approved a bill two weeks ago to re-open the government and avoid a default. and the approved a stop gap budget through the middle of january. panel members have until the middle of december so agree on a longer term plan and have to work towards easing automatic spending cuts that started in march. the chairman of the house of representatives budget committee, paul ryan and the chair of the senate budget committee, patty murray, called for compromise. but republicans and democrats are still wide amart on taxing the wealthy, cutting spending and other issues. some fear another government shutdown, if lawmakers do not find common ground. officials at the u.s. federal reserve say they'll continue the massive bomb buying program. the official also study whether the recent u.s. government shutdown had any affects on the economy or job market. >>> chinese authorities believe the ethnic uighurs were behind the bombing in tienemen square. >>> china's central television said authori
the debt ceiling. lawmakers approved a bill two weeks ago to re-open the government and avoid a default. and the approved a stop gap budget through the middle of january. panel members have until the middle of december so agree on a longer term plan and have to work towards easing automatic spending cuts that started in march. the chairman of the house of representatives budget committee, paul ryan and the chair of the senate budget committee, patty murray, called for compromise. but...
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Jan 24, 2013
01/13
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house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday after the republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would move to balance the budget. >> they understand you can't continue to spend money that you don't have. we're committed to doing a budget on the house side. a budget that will balance over the next ten years. it's time for the senate and the president to show the american people how they're willing to balance a budget over the next ten years. >> the bill now goes to the senate where it's expected to pass and be approved by the white house. republicans will continue to push the government to review social security spending. the bill urges congress to compile an outline of the 2
house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday after the republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would...
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90
Oct 11, 2013
10/13
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president obama is demanding that the two sides agree to raise the debt ceiling and to end the shutdown. finance ministers and central bank governors are assessing the state of the global economy. they're meeting in washington and wringing their hands over the possible impact of the debt debate. the financial leaders urged u.s. lawmakers to end the government shutdown and reach a deal on the debt limit to avoid a default. they're concerned the nervousness about the u.s. will spill over beyond its borders and affect global markets. japanese finance minister taro aso shared the same concerns with the u.s. treasury secretary jack lew. >> translator: i conveyed my hopes for a swift resolution to the issue. >> g-20 officials are drafting a joint statement to be released on friday at the end of their meetings. they're expected to encourage u.s. lawmakers to work toward a quick resolution. finance chiefs of five emerging economies have agreed to call on the united states to act quickly to avoid a debt default. >> we are not very happy with the manner in which suddenly the emerging markets are
president obama is demanding that the two sides agree to raise the debt ceiling and to end the shutdown. finance ministers and central bank governors are assessing the state of the global economy. they're meeting in washington and wringing their hands over the possible impact of the debt debate. the financial leaders urged u.s. lawmakers to end the government shutdown and reach a deal on the debt limit to avoid a default. they're concerned the nervousness about the u.s. will spill over beyond...
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Oct 11, 2013
10/13
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. >> we know and the you know by now that failure to raise the debt ceiling would cause serious damage to the u.s. economy but also to the global economy as a result of the spill-over effect. >> lagarde spoke just hours before a meeting of group of 20 finance ministers and central bank governors. she said imf leaders need to communicate with their counterparts in member nations to help them prepare for possible consequences. >>> the prime minister of libya is shaken but safe after being held captive for part of the day by rebel forces. armed men kidnapped ali zeidan from a hotel in the capital tripoli then released him hours later. the abduction was apparently in retaliation for the government's role in the capture of a top al qaeda suspect in libya by u.s. forces. the president of libya's general national congress confirmed the rebels had released the prime minister. al arabiya tv broadcast photos of zeidan surrounded by men. a rebel group posted a message on its facebook page, saying it arrested the prime minister along with security personnel. it said it was investigating his unlawf
. >> we know and the you know by now that failure to raise the debt ceiling would cause serious damage to the u.s. economy but also to the global economy as a result of the spill-over effect. >> lagarde spoke just hours before a meeting of group of 20 finance ministers and central bank governors. she said imf leaders need to communicate with their counterparts in member nations to help them prepare for possible consequences. >>> the prime minister of libya is shaken but...